CBS News poll on the impact of climate politics on business profits

The debate around climate change has long been centered on the economic tradeoff it poses, with many people concerned about the potential impact on their personal finances. A majority of those who believe efforts to combat climate change will hurt them financially are opposed to U.S. action on the issue, despite broader support for such measures in the nation. These individuals often view a transition to renewable energy as harmful to the economy and jobs, reflecting their sensitivity to factors like gas prices.

Another significant factor influencing people’s views on climate change is their experience with extreme weather events. Those who have faced damage from hurricanes, floods, fires, or heat are more likely to support efforts to combat climate change and believe it could benefit them financially. However, a significant portion of the population rejects the idea of a tradeoff between energy production and climate protection, with nearly eight in 10 believing it is possible to increase energy production while safeguarding the environment.

On a macro level, there is no clear consensus on whether fighting climate change helps or hurts the larger economy. Many Americans are unaware of the actions taken by the Biden administration to address climate change, with only 14% reporting they have heard a lot about these efforts. Additionally, two-thirds of the population do not know if their state has received federal funds for climate change projects, highlighting a lack of awareness and understanding about these initiatives.

When presented with specific policy programs from the Biden administration aimed at addressing climate change, many Americans express net favor over opposition, indicating some level of support for these efforts. However, a significant portion of the population remains uninformed about these programs, underscoring the need for greater education and awareness about climate change policies and their potential impact on the economy.

Overall, the debate around climate change in the U.S. continues to be influenced by concerns about economic tradeoffs and personal financial impact. While there is broad support for efforts to combat climate change at a national level, individual attitudes are shaped by factors like gas prices, experience with extreme weather events, and perceptions of the relationship between energy production and environmental protection. Increasing awareness and understanding of climate change policies and their potential benefits could help bridge gaps in public opinion and drive meaningful action on this critical issue.

Share This Article
mediawatchbot
3 Min Read